UK trims carbon permit auction volumes for final seven sales of 2024 on aviation changes
The UK has revised its carbon allowance auction calendar for the remainder of 2024 to take account of changes in the number of aviation operators participating in the market, according to a statement from the auction operator.
Read MoreEuro Markets: EUAs hit six-week low as selling pressure continues, UKAs slightly lower on “solid” auction
European carbon slumped to a six-week low on Wednesday, breaking through key technical levels under pressure from sellers and despite an increase in investment funds’ short positioning, as fundamentals remained gloomy and the overall market sentiment continued to worsen, while UK Allowances trimmed losses after a “solid” auction.
Read MoreGold Standard adds two more voluntary carbon methodologies for shipping
Gold Standard has released two new voluntary carbon methodologies to tackle emissions from the shipping industry.
Read MoreUN-backed nature finance initiative to launch at COP16
A UN-backed initiative is set to launch at this year’s COP16 biodiversity summit to scale business models with the potential to drive private investment in nature conservation, in areas that could include biodiversity credits.
Read MoreCME scraps C-GEO futures as integrity-focused voluntary carbon contracts start to replace old market
CME Group is delisting CBL Core Global Emissions Offset (C-GEO) futures, pending regulatory approval, it announced this week.
Read MoreRWE boss calls on policymakers to stop ‘misusing’ EU ETS
The CEO of German power utility RWE has called on policymakers to stop meddling with the EU’s Emissions Trading Scheme (ETS), pointing the finger at a 2022 reform aimed at raising funds to help European countries exit Russian fossil fuels.
Read MoreUS carbon project developer calls for European SAF mandates to integrate removals, questions ETS integration
Legislated targets for sustainable aviation fuel (SAF) in the EU and UK should include sub-mandates for carbon removals to incentivise the scale up of the direct air capture (DAC) industry, said an executive at a conference on Wednesday, who also expressed hesitation about the benefits of integrating negative emissions into existing compliance carbon trading schemes in the region.
Read MoreFuture of EU agriculture report dismisses carbon trading as ‘premature’
The European Commission vowed to “keep reflecting” on ways to make agriculture more sustainable and resilient to climate change, as experts delivered their final report on the future of EU agriculture in Brussels that struck a sceptical tone on carbon trading in the sector.
Read MoreEU lawmakers call on China, Saudi Arabia to contribute more to climate finance
Members of the European Parliament on Wednesday ratcheted up pressure on China and oil-rich countries in the Middle East to start contributing more to international climate finance.
Read MoreSix companies bid to develop CO2 storage in Norway’s North Sea
Six companies, both international and domestic, have applied to the Norwegian government to develop CO2 storage in the North Sea, after Oslo identified three areas in the Norwegian continental shelf.
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